The plan values WeWork China at around $1 billion, two of the people said. Singapore state investor Temasek and Shanghai-based private equity firm Trustbridge want to buy more shares to give them a combined majority stake in WeWork China, according to the people. SoftBank, Temasek and WeWork declined to comment. WeWork China has set out ambitious revenue goals for 2020, Reuters reported last month, even though it faces staff cutbacks and weak occupancy numbers at its properties across China. In

Senator Bernie Sanders has been steadily climbing in popularity this year and is now tied with former Vice President Joe Biden for the 2020 Democratic presidential nomination among registered voters, according to a Reuters/Ipsos national poll. Sanders and Bloomberg have increased their level of support in each of the last three Reuters/Ipsos polls starting in mid-December, while support for Biden, Warren, and Buttigieg has remained flat. The poll shows that standing does not appear to have been

WASHINGTON — Chief Justice John Roberts and the nation’s senators were sworn in Thursday afternoon for the impeachment trial of President Donald Trump. ET, Roberts asked the senators to “solemnly swear” to “do impartial justice according to the Constitution and laws.” The senators said “I do” together, and the clerk called senators up to sign the impeachment oath in groups of four. Roberts entered the room in his judicial robes and was sworn in by the Senate’s president pro tempore, Chuck Grassl

Airbnb to hold stakeholder dayAirbnb announced it will change its corporate governance structure to involve all stakeholders, not just investors. CNBC’s “Squawk Box” crew reports.

Judy Shelton, U.S. executive director for the European Bank for Reconstruction and Development, stands for a photograph. President Donald Trump will pick two economists, Judy Shelton and Christopher Waller, to serve on the Federal Reserve Board, the White House said on Thursday. The Fed sets U.S. interest rates and closely guards its political independence as key to its ability to act in the best interest of the country’s economic health. Before joining the Fed in 2009 Waller was an economics pr

Prime Minister of Ukraine Oleksiy Honcharuk speaks during the Cabinet of Ministers of Ukraine meeting in Kyiv, Ukraine, on 15 January, 2020. Ukraine’s Prime Minister Oleksiy Honcharuk has submitted a letter of resignation and President Volodymur Zelenskiy will consider it, the presidential office said on Friday. “I came to the position of fulfilling the program of the President. He is for me a model of openness and decency,” Honcharuk said on Facebook. “However, in order to take away any doubts

Mark Carney, the outgoing governor of the Bank of England, has been named as the U.K. Prime Minister Boris Johnson’s finance advisor for this year’s COP26 climate change conference in Scotland. In a statement, Carney said he was “honored” to have been appointed to the role of finance advisor for the summit. “To seize it, all financial decisions need to take into account the risks from climate change and the opportunities from the transition to a net zero economy,” he added. He will begin both ap

A U.S. proposal that the future international tax reform could be optional for companies is a “non-starter” and is no longer on the table, French Finance Minister Bruno Le Maire said on Friday. Le Maire was speaking after meeting OECD Secretary-General Angel Gurria to discuss global tax reform. He also said it was up to U.S. authorities to make a move in coming days on a French digital tax targeting big tech companies.

Blockchain has topped the list of skills bosses are looking for in employees around the world this year, according to professional social media platform LinkedIn. Yet it was both first time blockchain made it onto LinkedIn’s rankings of in-demand skills and came in first place. Namrata Murlidhar, marketing director at LinkedIn, said blockchain had emerged from the “once shadowy world” of cryptocurrency to become a “transformative business solution.” Cloud computing came in second place, which is

A rare British coin featuring the profile of abdicated King Edward VIII has sold for a record £1 million ($1.3 million). The 22-carat gold coin, described as “one of the most coveted in the world” by the U.K.’s Royal Mint, is one of two to be privately held. According to the Royal Mint, which oversaw the transaction, the coin — officially titled the Edward VIII Sovereign — was previously owned by a collector in the United States. The coin was sold to its previous owner for £516,000 in 2014, afte

The European Union (EU) is revamping plans that could force smartphone makers, such as Apple, to share the same charging method. European policymakers want to make life easier for consumers as well as to reduce electronic waste across the 28-country region. “We are drowning in an ocean of electronic waste,” Roza Thun und Hohenstein, a European lawmaker said at the European Parliament Monday. Old chargers generate more than 51 000 metric tons of electronic waste per year, according to the Europea

Facebook and Instagram logo is seen on a mobile phone , on March 17, 2019. Tech giants like Facebook, Google and Twitter should be slapped with a “turnover tax” to fund research into the harms caused by their social media platforms, according to leading U.K. psychiatrists. In that report, the doctors also recommend “a levy on tech companies proportionate to their worldwide turnover.” “This would be used to fund independent research and training packages for clinicians, teachers and others workin

Iranian Supreme Leader Ayatollah Ali Khamanei makes a speech regarding Trump’s withdrawal decision from Iran nuclear deal during a press conference in Tehran, Iran on May 09, 2018. Iran’s supreme leader Ayatollah Ali Khamenei has called President Donald Trump a “clown” who merely pretends to support Iranian citizens but would push a “poisonous dagger” into their backs. He also described Tehran’s decision to attack military bases housing U.S. troops in Iraq earlier this month as a “day of God.” M

How easy is it to make a deepfake video? Deepfakes, which are fake videos and images created using computers and machine learning, can be maliciously used to spread disinformation. Good deepfakes can be difficult to detect, posing a risk to companies, employees and consumers alike. CNBC’s Grace Shao reports from Singapore.

U.S. stock index futures were slightly higher Friday morning as investors digest growth data out of China. ET, Dow futures rose 42 points, indicating a positive open of more than 31 points. Futures on the S&P and Nasdaq were also higher. U.S. stocks rose to fresh highs on Thursday amid stronger-than-expected results from Morgan Stanley. On Friday morning, new data out of China indicated that the economy grew at a pace of 6.1% in 2019, in line with expectations.

U.S. government debt prices were lower Friday morning, as investors await a fresh batch of economic data. ET, the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 1.8285%, while the yield on the 30-year Treasury bond was also higher at around 2.2972%. Industrial production figures for December, capacity utilization data for December, a preliminary reading of consumer sentiment for January and job vacancies data for November will all follow slightly later in t

Countries and regions with lower per capita GDP levels are generally more exposed to climate change, according to McKinsey Global Institute’s newest climate risk report. In some regions, crop yields may increase, while in others environmental conditions could cause some crops to fail entirely, according to McKinsey. Jonathan Woetzel, director of the McKinsey Global Institute, told CNBC in an email that adaption is essential to help manage risks. According to McKinsey, since the 1880s, the averag

Several U.S. service members were treated for concussions after Iran launched ballistic missiles earlier this month in Iraq in retaliation for the U.S. killing of a top Iranian commander, the Pentagon said Thursday. “While no U.S. service members were killed in the Jan. 8 Iranian attack … several were treated for concussion symptoms from the blast and are still being assessed,” Capt. In the days after the attack, 11 service members have been transported to two hospitals, in Germany and Kuwait,

Lev Parnas, the indicted associate of Rudy Giuliani, claimed in an interview that aired Thursday that President Donald Trump fired, or believed he fired, the U.S. ambassador to Ukraine several times before her recall was publicly announced in April. “He fired her probably, at least — to my knowledge — at least four, five times,” Parnas said in the second part of an interview on MSNBC’s “The Rachel Maddow Show,” according to a transcript. “I don’t know how many times at that dinner, once or twice

The narrow Taiwan Strait which separates the island from China is a frequent source of tension. The U.S. Navy said the Ticonderoga-class guided-missile cruiser USS Shiloh had completed a transit of the Taiwan Strait, without giving details. Meeting the de facto British ambassador to Taiwan later on Friday, Taiwan President Tsai Ing-wen said that the island would ensure peace in the Taiwan Strait. “As a responsible member of the international community, Taiwan will continue to dedicate itself to